** Update: Now available to purchase on its own subject to partnership agreement.** Discover an extraordinary opportunity in Palo Alto's vibrant midtown: a beautiful 10k sqft lot, includes 2 charming cottages, both 2-bed, 1-bath homes with a 2 car garage, blending cozy living with vast development potential. It is part of a large lot 1033 Amarillo Ave, which is a 20k+ sqft site and just got voted and approved for subdivision into two 10k sq ft lots, this is the lot 1. The site is ripe for the creation of a luxurious single-family homes, potentially spanning 5,000 sq ft. The flexibility extends to the option of constructing a 4,000 sq ft main residence plus a separate ADU. The proposed development offers an exceptional quality for living large, while situated in prime convenient location, as the home is near Stanford University, Downtown Palo Alto, and top rated schools. Please note: This Lot 1 must be purchased in conjunction with Lot 2. The lot split will be granted once the new owner apply and obtain the building permit.